The ECO coin

17 February 2020

Ilona Kemps

Eco coins are earned through sustainable actions

When you cut a tree and sell the wood, you will earn money. When you plant a tree, you are creating value, but you won’t get paid. Ecological value is not well articulated in our economy. The ECO coin aims to fix this. It is a new cryptocurrency that positively rewards people with ECOs for their sustainable actions. It is also the first cryptocurrency to be backed by sustainable assets; every ECO coin is backed by one tree. As more ecological assets are added to the system, more ECO coins become available. This also makes the ECO coin a living currency. Just as our ecology cycles through growth and decay, so too do ECO coins. ECOs coins are born, live and decay over time. The currency is governed by a Decentralised Autonomous Charity (DAC) so that not one organisation, but all those who use it have a voice in its development. Sustainable actions are verified by the crowd, through smart IOT integration and by certified vendors.

Eating meat-free meals, switching to a green energy provider or riding a bike to work can earn you ECOs which you can spend in our new sustainable marketplace to buy ecological experiences, services and goods. This is a new way to track, measure and reward sustainability so that now you can do good and get paid.

ECO coins are stored in digital wallets accessible through a mobile platform. Sustainable actions are verified by inspectors, through smart IOT integration (e.g. a smart thermostat linked to your phone) and by certified vendors.

Sustainability Challenge:

Innovatieve oplossing om de gemeente Amsterdam te verduurzamen

Opdrachtgevers:

Green Office
Facilitair Bureau

Additional info

Website

Image credits

Header image: SiR

Icon image: Ecocoin

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